Top News:
Sara Fischer / Axios:
Sources: Meta begins telling its ~50 US news partners that the company will not renew its three-year deals from 2019 to pay for content in Facebook's News Tab — Meta on Tuesday began telling its news partners in the U.S. that the company no longer plans to pay publishers for their content …
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Alex Sherman / CNBC:
NBCUniversal reports Q2 revenue up 18.7% YoY to $9.4B and adjusted EBITDA up 19.5% YoY to $1.9B; Peacock lost $467M as its subscribers stayed flat QoQ at 13M — - Comcast's broadband subscribers were flat at 32.2 million for the quarter. The company said it lost 30,000 this month alone.
Casey Newton / Platformer:
Adam Mosseri says Instagram will roll back some recent changes after a week of mounting criticism, including temporarily reducing the number of recommendations — Say goodbye to the full-screen feed, and at least some of those recommendations — for now. Adam Mosseri explains why
Discussion:
Adweek, Ad Age, 9to5Mac, @reckless, The Verge, Fortune and dont be boring, more at Techmeme »
RELATED:
Sarah Blaskey / Miami Herald:
How Florida Power & Light bankrolled and controlled the Capitolist, which portrayed itself as a feisty independent outlet, to bash Florida Power & Light critics — When Florida Power & Light faced a spate of bad publicity and political blowback, a small but ambitious news website called …
Discussion:
@blaskey_s, Substack, @bgrueskin, @racheyy_marie, @evesamples, @carlosgsmith, @conarck, @samjmintz, @matthewdalywdc, Occupy Democrats, Gizmodo, Poynter and The Guardian
Abner Li / 9to5Google:
Google delays phasing out third-party cookies in Chrome to H2 2024, after deferring the plan from 2022 to 2023, citing the need for more Privacy Sandbox tests — Google was originally planning to get rid of third-party cookies in its browser by 2022, but that was later pushed back to 2023.
Discussion:
The Keyword, Insider, Digiday, Reclaim The Net, TechRadar, The Register, @simonjharris, @johnwilander, @larakiara, @campuscodi, Mumbrella, @aexm, @martinsfp, MediaPost, AdExchanger, The Verge, The Drum and StreetInsider.com
Kate Aurthur / Variety:
Over 400 TV creators and showrunners demand that Netflix, Disney, WBD, NBCU, Apple, and others publish policies to protect employees in abortion-banning states — On Thursday morning, a collective of more than 400 television creators and showrunners sent a letter to top-level executives at Netflix …
Discussion:
@susanmcp1, @kateaurthur, @stephanielaing, @jholtham, @janevandis, @henderson_joe, @cadlymack, @liztigelaar, @allcharisma, @alinebmckenna and @thelizfeldman
Rebecca Rubin / Variety:
Warner Bros. Discovery hires Alan Horn as a consultant; Horn left Disney in 2021 after serving as The Walt Disney Studios' chief creative officer and co-chair — Disney's former chief creative officer Alan Horn is joining Warner Bros. Discovery. — Horn, who retired from Disney in 2021 …
Discussion:
Observer, The Wrap, @richlightshed, @sherazfarooqi_, @blackmajikman90 and @loudmouthjulia
Jonathan M. Katz / The Racket:
A writer details how a podcast plagiarized his work, a widespread issue as demand for podcast content exceeds the amount of original reporting by journalists — A podcast I'd never heard of before stole my work. I'm not alone. — A year ago, after half a decade of original research …
Peter Houston / Media Voices:
An interview with Medium VP of Content Scott Lamb, who says it is focused on highlighting experts and needs to figure out how to give users predictable growth — In our final episode of the season, we hear from Medium's VP of Content Scott Lamb. Scott leads the content and creator relations teams …
Discussion:
@tvgrimreaper and What's New in Publishing
Salvador Rodriguez / Wall Street Journal:
Meta reports its first-ever YoY quarterly revenue decline and issues a lowered Q3 forecast, citing a weak ad demand environment and macroeconomic uncertainty — Social-media giant missed Wall Street's sales expectation but added users—defying analysts' projections — The Tech Sector Is Taking a Beating.
Discussion:
New York Times, Variety, BIG by Matt Stoller, Axios, @arpitrage, @levynews, @ryanbarwick, Transistori, Fortune, CNBC, New York Times, CNBC, Forbes and Protocol, more at Techmeme »
Aisha Malik / TechCrunch:
Snap launches a Sounds Creator Fund, awarding up to $100K per month to artists distributing songs on Snapchat via DistroKid, or $5K per song, starting in August — Snap is launching a new Sounds Creator Fund to financially support independent artists who are distributing music on Snapchat via DistroKid.
Discussion:
Adweek, Variety, Music Business Worldwide, Snap Newsroom and Hypebot
Naman Ramachandran / Variety:
ITV reports H1 2022 revenue rose 8% YoY to £1.67B, driven by ITV Studios, up 16% YoY to £927M; ad revenue grew 5% YoY, of which digital ad revenue rose 20% YoY — U.K. broadcaster ITV's total external revenues are up 8% at £1.67 billion ($2.04 billion), according to half year financial results released on Thursday.
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Deadline, Variety, Deadline and The Hollywood Reporter
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